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Securing long term investment in research and innovation must remain a priority for Government and industry. It is the key to greater productivity and can enhance our position as a global leader in our sector.
While this is a challenging time for our sector, I think it is also full of exciting opportunity. The UK is predicted to be the biggest construction market in Europe, and sixth biggest in the world, by 2030. Investment in innovation will be critical to meeting this challenge and capitalising on the opportunities this presents. It can create lower costs, faster delivery, carbon reduction and world leading expertise to help promote our exports.
I am passionate about the role innovation and new technologies can play in reshaping our industry for the benefit of everyone. We are already seeing the impact that innovations such as digital engineering, offsite fabrication and lean techniques can have on efficiency and productivity.
Government and industry must work together to secure innovation investment over the next couple of decades. In the near term, we need an outcome from the Brexit negotiations that actively supports this, and in the longer term - including through the framework of the Industrial Strategy - we need a vision for the industry that is a leader in creating and applying innovation.
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